Page 73 - Finance News

RBI winds down offshore currency tool reflecting shift in strategy

Reduction in the offshore exposure accounts for most of the recent drop in the RBI's overall forward dollar positions

Rupee gains for sixth day on weak dollar; opens higher at 85.43/$

Indian Rupee today: The domestic currency appreciated 8 paise to open at 85.43 against the dollar, after closing at 85.51 on Wednesday

RBI sends conflicting signals about monetary policy with surprise moves

The Reserve Bank of India surprised analysts last week by cutting interest rates more than expected and announcing a cash boost for banks, citing the need to spur growth

HDFC Bank-LKMM Trust row escalates amid claims over loan irregularities

As LKMM Trust questions the existence of a loan and cites missing documentation, HDFC Bank calls the allegations false and prepares for legal action to protect its interests

Banks open to MTNL debt restructuring, reject possibility of haircut

Cabinet Secretary TV Somanathan has called a meeting of various stakeholders next week to find a way out for the state-run MTNL, which has defaulted on bank loans

Union Bank, Canara Bank, IOB cut lending rates by 50 bps after RBI move

Following a 50 bps policy rate cut by RBI, Union Bank revises its external benchmark lending rate, easing loan costs for retail and MSME borrowers

Share of small-ticket gold loans to rise as RBI eases the LTV norms

Repo rate cut, liquidity infusing to aid NBFCs performance

Indian Oil withdraws 5-year bond issuance on higher-than-expected yield

Indian Oil Corporation withdraws Rs 3,000 crore bond offer as yield crosses expected levels, despite strong demand and competitive pricing post-policy announcement

Microfinance credit quality dips in FY25; NPAs rise to ₹55,000 crore

Microfinance sector sees worsening credit metrics in FY25 with PAR 31-180 and NPAs rising sharply amid disbursal decline and external disruptions, says MFIN

Microfinance loan disbursal falls 25% to ₹1.12 trillion in FY25

MFIs loan disbursement in FY25 was 25.4 per cent lower than the amount disbursed in 2023-24

Rupee gains for fifth straight session; ends 11 paise higher at 85.51/$

Indian Rupee today: The domestic currency appreciated 11 paise to end at 85.51 against the dollar, after closing at 85.62 on Tuesday

RBI to use cash reserve ratio for liquidity, policy transmission: Report

The person aware of the Reserve Bank of India's thinking declined to be identified because they are not authorised to speak to the media. The RBI did not reply to an email seeking comment

Rupee advanced as US-China trade tensions ease; opens higher at 85.53/$

Indian Rupee today: The domestic currency appreciated 9 paise to open at 85.53 against the dollar, after closing at 85.62 on Tuesday

What is Jane Street and why is Sebi probing the trading giant in India?

Jane Street is facing Sebi scrutiny in India and a lawsuit in the US after raking in billions through algorithmic trading strategies in equity derivatives markets

Change of stance to neutral doesn't mean pause on rate cut: Economists

The MPC, last week, cut the policy repo rate by 50 basis points (bps) to 5.5 per cent, surprising markets, which had largely priced in a more modest reduction of 25 bps

Zero-coupon bonds struggle to retain investor demand amid mkt trend shifts

Monetary-policy easing, an abundant liquidity infusion, and a cut in the cash reserve ratio (CRR) cut by the Reserve Bank of India (RBI) in the recent monetary policy review weighed on bond yields

Rupee ends flat for second straight session as US-China trade talks linger

Indian Rupee today: The domestic currency appreciated 1 paise to end at 85.62 against the dollar, after closing at 85.63 on Monday

PSBs outpace private banks in loan growth for first time in 14 years

Public sector banks saw 13.1 per cent loan growth in the financial year 2024-25, beating private banks' 9 per cent for the first time since 2011

Rupee edges higher with US-China trade talks in focus; opens at 85.62/$

Indian Rupee today: The domestic currency appreciated 1 paise to end at 85.62 against the greenback, after closing at 85.63 on Monday

RBI considers fresh guidelines to curb mis-selling: Deputy governor Rao

RBI Deputy Governor M Rajeshwar Rao flags unethical recovery practices and high interest rates in microfinance, says guidelines to address mis-selling may be considered